logo
  

DMG Mori H1 Profit Rises; Lifts FY Outlook - Quick Facts

DMG Mori (MRSKY), a German manufacturer of cutting machine tools, reported that its earnings attributable to the shareholders for the first-half of 2021 rose to 27.4 million euros from 22.7 million euros in the same period last year.

EBIT amounted to 42.2 million euros up from 33.2 million euros in the prior year.

Sales revenues increased to 933.5 million euros from 838.0 million euros last year.

Order intake rose by 59% year-over-year to 1.25 billion euros.

The company once again raised its forecast for 2021: For the full year, the company now plans order intake of around 2.25 billion euros compared the prior outlook of about 2.0 billion euros.

Annual sales revenues are now expected to be around 1.95 billion euros compared to the prior outlook of about 1.8 billion euros.

The company currently estimates EBIT of around 100 million euros, compared to the prior estimation of 60 million euros.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Drug major Pfizer has again expanded the earlier two recalls of its anti-smoking Drug Chantix (Varenicline) in the form of tablets, to now include all the lots, for the potential presence of nitrosamine impurity, N-Nitroso- varenicline, at or above the FDA interim acceptable intake limit (ADI), the U.S. Food and Drug Administration or FDA said in a statement. Department store chain Sears is closing down its last store located in its home state of Illinois, CNBC reported. The company, which was founded in Chicago in 1892, plans to shut the shop, located in Simon Property Group's Woodfield Mall, on November 14. Sears' parent company, Transformco, which also manages the real estate, said it plans to maximize the value of the Woodfield Mall property and Amazon said over 1 million people have applied for a job at the tech major as part of its Career Day 2021. Job seekers from more than 170 countries have participated in the virtual event. In addition, more than 2,000 Amazon recruiters offered 30,000 individual career coaching sessions with participants in a single day.
RELATED NEWS
Follow RTT